The Pacific & Western Bank of Canada (PWBank) is a bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 that was founded in Saskatoon

Saskatoon

Saskatoon is a city in central Saskatchewan, Canada, on the South Saskatchewan River. Residents of the city of Saskatoon are called Saskatonians. The city is surrounded by the Rural Municipality of Corman Park No. 344....

, Saskatchewan

Saskatchewan

Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....

 in 1980, and now maintains its headquarters in London, Ontario

London, Ontario

London is a city in Southwestern Ontario, Canada, situated along the Quebec City – Windsor Corridor. The city has a population of 352,395, and the metropolitan area has a population of 457,720, according to the 2006 Canadian census; the metro population in 2009 was estimated at 489,274. The city...

. The bank is wholly owned by Pacific & Western Credit Corp. .

Deposit operations are based in Saskatoon, with lending operations based in offices in Toronto, London, Saskatoon, Calgary and Vancouver. The bank provides deposits through a nationwide financial advisor network and provides loans to established corporations, real estate development, and public sector entities. The bank operates as a branchless financial institution.

The bank in 2009 became authorized by Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation is a Crown corporation, owned by the Government of Canada, founded after World War II to provide housing for returning soldiers...

to issue NHA Mortgage Backed Securities. Since 2008 the bank has been purchasing mortgages.